Trent Limited clocks 54% yoy growth in revenue for FY22; PAT stood at Rs112 crore

28 Apr 2022 , 02:53 PM

Trent Limited announced its standalone and consolidated financial results for the fourth quarter ended March 31, 2022.

The company’s Consolidated revenues for Q4FY stood at Rs1,412 crore, registering a growth of 38% over Q4FY21, and 54% over Q4FY20. Profit after tax was reported at Rs15 crore as attributable to equity shareholders in Q4FY22.

For the year ended March 31, 2022, the Company recorded revenues of Rs4,812 crore and Profit after tax of Rs112 crore as attributable to equity shareholders.

The consolidated results also incorporate Ind AS 116 lease accounting requirements. The net effect of Ind AS 116 was an adverse impact of Rs28 crore for Q4 and Rs104 crore for the full year.

Speaking on the performance, Mr. Noel N Tata, Chairman, Trent Limited said, “Our fashion concepts displayed resilience to pandemic related challenges in FY22. Our continued emphasis on network growth during the preceding two years is starting to yield results as the pandemic impacts fade. Westside is now trading at an annual revenue run-rate of over Rs5,000 crore and commands encouraging market presence and traction.”

In Q4FY22, Westside registered LFL growth of 16% and 21% as against FY20 and FY21 respectively. With the opening of its 200th store, Westside continued to drive its store expansion program in FY22.

At around 2.56 PM, Trent Ltd was trading at Rs1,223 per piece, down by Rs3.35 or 0.27% from its previous closing of Rs1,226.35 on the BSE.